Mumbai : Today is proving to be Black Monday for the Indian stock market. Due to the selling of foreign investors, the index Sensex of Mumbai Stock Exchange is seeing a decline of more than 1500 points and Nifty by more than 400 points. Due to this fall in the Indian stock market due to global reasons, investors have lost Rs 6 lakh crore within minutes of the market opening.
Rs 6 lakh crore loss to investors
When the market closed on Friday last week, the market capitalization of the listed stocks on BSE was Rs 251.84 lakh crore, which has come down to Rs 246.12 lakh crore. The condition of the fall in the market is that out of 3403 shares, 2624 shares are trading in red Nissan while only 655 shares are trading in green Nissan. There is a lower circuit in 241 stocks.
why the market fell
In fact, inflation in America has reached the highest level in 40 years. In such a situation, it is believed that a meeting of the Federal Reserve of America is going to be held on June 14 to 15, in which the Fed Reserve can decide to increase interest rates. In such a situation, investors invested in the stock market are selling their investments out of the stock markets around the world to invest in safe places.
Rupee continues to fall
The rupee continues to depreciate against the dollar. The rupee has fallen to a record low of Rs 78.26 against a dollar. Due to this imports are becoming increasingly expensive. The cost of companies is increasing. Due to this, these companies will have to increase their prices, which will affect the domestic demand. The fiscal deficit of the government may also increase. In June, foreign investors withdrew investment of Rs 14,000 crore.
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